Gold broke off its big weekly downturn

Gold rose on Monday due to the weakness of the dollar. The spot price of the precious metal added 0.4% to its value to a level of 1,333.74 dollars at which levels are traded earlier today.
Last week, gold fell 1.4%, which was the biggest price depreciation for two and a half months.
The dollar index fell 0.1% on the first day of the week, which helped raise the price of metals and, in particular, gold.
Gold futures with delivery in April rose by $4.9 to $1,335.20 per ounce.
Gold is very sensitive to rising interest rates in the United States. Investors' expectations are that the central banks of the UK and Europe will also resort to interest rates.
The price of gold was also supported by the lunar new year in China.